Can't qualify due to student loans.
Agreed.which is another lesson on stupid.
Don't borrow money to go to school. It might take 2x as long to get thru, but pay for it as you go.
Or as a worst case scenario, at least get a degree that will allow you to make the big $$ and pay that loan off in a few years.
I own a few pieces of property and all paid for. But, I see nothing wrong with renting for those that choose to do so. You spreadsheet all of your expenses on home ownership and it will frighten you at what it costs to own a home over a 20 year period, regardless of the appreciation. I'm not sure you come out ahead. Taxes, insurance, repairs, big ticket replacement items like HVAC, new roofs, lawn care...the list goes on and on. But, I never want to be in a position of someone telling me I've gotta move so I choose to own.
Kind of like vehicles. We have 2, both paid for. But, when you figure depreciation and all of the related expenses, it's about the same as leasing, if not more, particularly if you don't keep a vehicle more than 4 or 5 years and most don't. When I retire, I'll be leasing vehicles for the wife and me going forward. Drive em for 3 years, turn em in and get a new one.
Got a co-worker that Ubers to work and every where else he goes. Doesn't even own a vehicle. He's an IT guy and says it's cheaper than owning. When he takes a trip he just rents a vehicle it it's long distance.
I guess I said all that to say...To each his own.
I'm an apartment maintenance tech. They rent because they wouldn't couldn't shouldn't begin to know how to keep a house up. Grown men don't know how to fix a loose toilet seat. I do it and they are amazed like I did a magic trick or something.
Better to travel and play while young than waiting for retirement when you cant move do to back injuries or too sickmine says "i would rather have experiences than things"
i respond, "good luck with that when you get old"
I'm an apartment maintenance tech. They rent because they wouldn't couldn't shouldn't begin to know how to keep a house up. Grown men don't know how to fix a loose toilet seat. I do it and they are amazed like I did a magic trick or something.
Has anyone had anything good to say about our millennials yet? Like the ones serving in our military, protecting our freedoms? What a waste of time to purchase for those folks. I bet they have a room in mommas basement too if they need it....I bet they even played call of duty a time or two.
I'd say 2/3 of the houses I frame are bought by millennial's.Have sold some millennials homes and most are pretty sharp and both diligent and hard working with good jobs.
Young folks now are gen Z right? I have a 17 yr old across the street spoiled rotten and doesn't drive. Momma driving them around all day to practice and about to head to college with no driving experience.
Good point, In my days cars meant girls !!!! Now it it’s not that big of a deal .many young kids today have no interest in driving or cars for that matter which is one reason for the decline in attendance and tv viewership of NASCAR. As I stated earlier I have several professional employees who are in the mid to late twenties who don't drive or own a car. They have licenses and will rent a car when needed